Billionaire investor Carl Icahn failed to win a seat on Motorola Inc.'s board after a three-month campaign in a victory for Chief Executive Ed Zander.The world's second-largest mobile-phone maker gave the preliminary results in a statement Monday after its annual meeting in Chicago and said the final tally might take a few weeks.
Icahn had said Monday that he did not expect to win a seat on the Motorola board because three or four large mutual fund shareholders were likely to vote against him.
"I think it's going to be relatively close," Icahn told more than 500 shareholders at the meeting at the Art Institute of Chicago, adding that he thought he had secured support from small funds and small shareholders. "I probably won't win."
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